New Iberia, Iberia County, Louisiana Property Taxes

Name: Property Tax Bills Across New Iberia, Iberia County, Louisiana
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median New Iberia, LA effective property tax rate: 0.82%, significantly lower than the national median of 1.02%, but lower than the Louisiana state median of 0.91%.
Median New Iberia, LA home value: $74,110
Median annual New Iberia, LA tax bill: $620, $1,780 lower than the national median property tax bill of $2,400.

How are property taxes in Iberia calculated?

Property taxes in New Iberia, LA are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding New Iberia’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in New Iberia, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

New Iberia, Iberia County, Louisiana Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.82%

Estimate Property Tax Bill

$608

$564

Ownwell’s New Iberia Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in New Iberia with just two data points. By entering your property's estimated assessed value, our calculator applies New Iberia’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Iberia Parish. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across New Iberia, Iberia County, Louisiana

Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare New Iberia’s effective property tax rate to other cities in Louisiana and the median property tax rates in Louisiana and the U.S. New Iberia, located in Iberia County, has a median property tax rate of 0.82%, which is slightly below the national median of 1.02%. This relatively lower rate can make a significant difference for property owners in the area. The highest median tax rate in New Iberia is 0.82%, while the lowest is 0.81%. These figures highlight the consistency within the city, offering residents a predictable tax environment. While New Iberia's property tax rates are lower than the national average, they align closely with the state median, providing a competitive edge for homeowners.

Property Tax Rates Across New Iberia, Iberia County, Louisiana

Source: Ownwell

0.78%

0.92%

1.05%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective New Iberia Tax Rate

0.82%

Median Effective Iberia County Tax Rate

0.82%

Median Effective Louisiana Tax Rate

0.91%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across New Iberia, Iberia County, Louisiana

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
70560	0.77%	0.77%	0.82%	0.90%	0.90%
70563	0.77%	0.81%	0.81%	0.90%	0.90%

Source: Ownwell

Property Tax Assessment Values Across New Iberia, Iberia County, Louisiana

When examining property taxes in New Iberia, LA, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Iberia County Assessor's Office estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Iberia County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in New Iberia.

For example, the median home price in New Iberia is $74,110, with tax bills ranging significantly across the county. Zip code 70563 has the highest median home price at $117,060.

Property Tax Assessment Values Across New Iberia, Iberia County, Louisiana

Source: Ownwell

$46,110

$160,748

$275,385

Median New Iberia Market Value

$74,110

Median Iberia County Market Value

$68,490

Median Louisiana Market Value

$105,500

Median United States Market Value

$235,294

Property Tax Assessment Values Across New Iberia, Iberia County, Louisiana

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
70560	$9,199	$23,380	$55,220	$104,380	$166,794
70563	$27,500	$66,455	$117,060	$188,930	$276,600

Source: Ownwell

Property Tax Bills Across New Iberia, Iberia County, Louisiana

In New Iberia, located in Iberia Parish, LA, property tax bills are determined by the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to calculate the tax bill. In New Iberia, the median home price is $74,110, and property tax bills can vary significantly. While the national median property tax bill is $2,400, New Iberia's tax bills range from the 25th percentile at $266 to the 90th percentile at $1,804. The highest median tax bill in the area is $1,005 in the 70563 zip code, while the lowest is $468 in the 70560 zip code. These variations can impact homeowners' budgets, making it essential to ensure that their property is assessed accurately. Homeowners can benefit from appealing their property tax assessments with expert guidance. Ownwell specializes in property tax appeal services, helping homeowners navigate the process and potentially reduce their tax bills, ensuring they pay only their fair share.

Property Tax Bills Across New Iberia, Iberia County, Louisiana

Source: Ownwell

$389

$1,328

$2,267

Median New Iberia Tax Bill

$620

Median Iberia County Tax Bill

$580

Median Louisiana Tax Bill

$865

Median United States Tax Bill

$2,400

Property Tax Bills Across New Iberia, Iberia County, Louisiana

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
70560	$78	$197	$468	$877	$1,392
70563	$232	$554	$1,005	$1,604	$2,284

Source: Ownwell